Tag: Fiduciary

At the PLANADVISER National Conference, retirement plan advisers got to hear straight-talk from four plan sponsors about what they expect from their advisers.   

CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company headquartered in Great Bend, Kansas, has released its Investment Fiduciary Protection Program (IFPP). 

In the opening panel discussion at the PLANADVISER National Conference (PANC) in Orlando on Monday, four panelists discussed the need for more participant education and the evolution of...

Reliance Trust Company's Retirement Strategies division is expanding its Special Fiduciary Services business unit.

Participants in 401(k) plans invested in mutual funds paid slightly higher expense ratios in 2009, according to an annual report by the Investment Company Institute (ICI).

Forty-five companies and interest groups representing the retirement industry testified before the Department of Labor (DoL) and the U.S. Treasury yesterday and today to discuss lifetime income...

Last week’s column presented half of a list that I titled “10 things you’re probably STILL doing wrong as a plan fiduciary.”   

In this as, perhaps, many professional endeavors, it seems that the more you know, the more you know you don’t know.   

Last week I mentioned a revenue-sharing case that could have far-reaching implications.    

While the spate of revenue-sharing suits has—for the moment, anyway—faded into the background, fees remain one of the most hotly debated topics in our industry. ...

A former participant in the 401(k) and employee stock ownership plan (ESOP) of a now-defunct Lincoln, Nebraska-based bank has filed a stock drop lawsuit against the plans' fiduciaries. 

 A CPA has been disbarred after the government found he failed to exercise due diligence in preparing tax returns for a corporation and its married shareholders. 

Anyone who has been paying attention to 401(k) plan litigation these past several years knows that a common trigger—perhaps the most common trigger—for litigation is the presence...

Stull, Stull & Brody has started an investigation relating to the 401(k) defined contribution retirement plans of Anadarko Petroleum Corporation.

Lawyers representing U.S. Department of Labor Secretary Hilda L. Solis have argued that the holding of company stock in a defined contribution plan is not entitled to a presumption of prudence.

Another law firm has launched an investigation into possible violations of the Employee Retirement Income Security Act by BP PLC and fiduciaries of the its Employee Savings Plan.

American United Life (AUL) Retirement Services has recently teamed with Mesirow Financial’s Investment Strategies department to launch its Fiduciary Partnership Service.

Gallagher Retirement Services has released its 2010 editions of its Fiduciary Risk Mitigation Process Manual.

Recently, the Internal Revenue Service (IRS) announced that it was sending a questionnaire out to about a thousand 401(k) plan sponsors.